Carlisle Tire & rubber, inc., is considering expanding Production to meet potential Increases in the demand for one of its fire products. Carlistes alternatives are to construct a new plant, expand the existing plant, or do nothing in the short vun. The market for this particular tire product may improve, remain stable, or contract The table below presents the payoff matrix Improve Remain stable Construct a new plant $400,000 -$100,000 Contract -$200,000 JACK Expand existing plant $250,000 -$50,000 -$75,000 Do nothing $ 50,000 $0 -$30,000 Carlislers marketing department estimates the probabilities of those market outcomES as 25% improve, 35% remain stable, and 40% contract. Under the expected monetary value decision rule, The optimal decision is: a) construct a new plant c) Do nothing (d) Improve 1) Remain stable The Corresponding value for the optimal decision is: b) Expand existing plant a) -200,000 b) - 100,000 9 -80,000 L) 500 m) 12,500 n) 15,000 d) -75,000 0) 50,000 42) - 50,000 P) 62,500 f)-35,000 9) Not listrad g) - 30,000 $ 100,000 100728 h) - 17,500 A contract 1) - 15,000 1) - 12,000 k) o R) 250,000 s) 400, 400,000